Alaska Air Group saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 76.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Alaska Air Group can continue to show renewed price strength and clear that threshold.
Alaska Air Group is now considered extended and out of buy range after clearing a 42.28 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While EPS growth dropped in the company's most recent performance report from 223% to 0%, revenue rose 41%, up from 38% in the previous report.
Alaska Air Group earns the No. 2 rank among its peers in the Transportation-Airline industry group. Skywest is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Airline Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
